In December of 2015, Nathan Berman’s MetroLoft Management purchased the leasehold on the 27-story, 473,000-square-foot office building at 20 Broad Street for $185 million from Vornado Realty Trust, with plans to convert the property into residential units. Now, the developer has filed applications for the project, which call for vertically expanding the building by six stories, or 38,098 square feet, to 33 floors. That would boost the structure’s height from 317 feet to 417 feet. There will be 521 residential units, measuring an average of 795 square feet apiece. The apartments will be rentals, and roughly 200 will be studios, with the rest ranging from one- to three-bedroom configurations.
Back in February, the seven-story, 37-unit mixed-use project under development at 50 Clinton Street, on the Lower East Side, was two stories above street level. Now, the structure is fully topped out, according to Bowery Boogie. It measures 43,002 square feet and will eventually feature 1,836 square feet of ground-floor retail. The condominium units – being designed by Paris Forino – should average 1,023 square feet apiece and will come in one-, two-, and three-bedroom configurations. As reported previously, amenities include bike storage space, private residential storage, a fitness center, and recreational space on the rooftop. DHA Capital is developing the project, while Issac & Stern Architects is behind the design. Completion can be expected before 2017.
It was back in January that the Landmarks Preservation Commission approved exterior modifications that will allow 1 Wall Street, the 1931, 50-story-tall, Ralph Walker-designed office building at the corner of Broadway in the Financial District,…
TriBeCa-based MJMV Holdings has filed applications for a seven-story, 16-unit mixed-use building at 25-40 31st Street, in Astoria, located a stone’s throw away from the Astoria Boulevard Station on the N/Q trains. The structure will measure 16,522 square feet and will include 1,488 square feet of retail space on the ground floor. The residential units, which begin on the second floor, should average 704 square feet apiece, indicate of rental apartments. Amenities include an eight-car parking garage, private storage, bike parking, a recreational area, and a laundry. Astoria-based Christopher V. Papa is the architect of record. Two three-story townhouses must first be demolished.
In August of 2015, renderings were revealed of the four-story, six-unit mixed-use building planned at 491 Myrtle Avenue, in northern Clinton Hill, located four blocks from the Clinton-Washington Avs stop on the G train. The 7,089-square-foot project has since topped out at 58 feet above street level, according to the Myrtle Avenue Brooklyn Partnership. The ground and cellar levels will contain 1,228 square feet of retail space, followed by residential units, averaging 623 square feet apiece, on the floors above. The two rental apartments on the fourth floor will feature space in a set-back penthouse, and amenities include bike storage and a laundry. Yehuda Mor, doing business as an anonymous LLC, is the developer, and Issac & Stern Architects is behind the design. Completion can probably be expected later this year.